Precious metals, such as gold and silver, are luring general people since ages. From the financial viewpoint, the price of these metals is also skyrocketing. Therefore if you want to invest in Canadian maple leaf gold coin, then this is the time to do so. However, there are some points you need to know about the coins before you buy. Here are 5 interesting facts about the gold coin that you should know before investing in them.
They Are One of the Bestselling Bullion Coins
The maple leaf gold coins Canada and the silver coins are among the most well-recognized bullion coins in the world. They also have an astounding track record in the sales aspect. They are popular in markets of most western countries. The mintage of silver coins started in 1988. The production jumped from 1 million coins to several million coins in just about 30 years. The gold version of the coins was introduced in 1979. The coins became famous very quickly and soon started competing with other coins which were available at the market.
The gold coins are now available in different shapes and sizes. There is also a special version of the coins which are available only to the collectors.
They Have a Wide Range of Finishes
The other gold bullions are struggling to compete with the number of variations that gold coins Canada have. The basic bullion version of the coin has the finish which is known as the bullion finish. In this finish, the maple leaf appears to shine against the background. There are various collectors’ versions such as a hologram, colored, piedfort, and commemorative versions.
The Effigy of Queen Elizabeth
The effigy of Queen Elizabeth, that Canadian gold coin has, is unique. The coin has three different versions; the young, old and the latest head effigies. Generally, the British Commonwealth countries need to use the effigy of the reigning monarch. However, there are some latitudes and each country uses the effigy in a different way.
They Are Made Of Purer Gold
The gold coins Canada is the purest gold coin in the whole wide world. In 1979, when the coin was first released, the purity of the coin was 0.999. In 1982, the purity was enhanced and it became 0.9999. The coins contain a troy ounce of gold without any alloys. The premiums of the coins are relatively low then the rest of the bullions of the world. These characters make these coins favorite among all investors around the world. The reason is that the high purity standards make it easy to measure the exact amount of precious metal which the investors love most.
These gold coins have the highest security than any other bullion coins available in the market. The coins have micro-engraved marks which makes it difficult for the cheaters to dupe the investors. The current coins also have the radial lines which make the coins stand apart.
Now that you know all about gold coins Canada, get ready and invest in them.